Become Comfortable with the Market’s Uncertainty; however, be Certain with Your Actions!

By:ShortMeTina

​​This is yet another blog to reinforce the discipline that’s needed to succeed in the stock market.  It’s also a stark lesson for many new and seasoned traders to understand that the Market-on a short term basis- is uncertain. 

 Before I go any further, there are a couple of things I want traders to understand.

1. Unless you’re an extremely lucky individual; chances are you will not make a million dollars in your first year of trading.  (I am not trying to place a damper on your parade; I want to inject a dose of realism in your outlook).
2. Unless you get hip to the “game” and become hip to the game incredibly quickly, chances are you probably wont double your money in a year either.  (Once again, inserting a dose of realism).
3. This one is actually an interesting/stark realization as well, chances are you WILL lose money your first year of trading.  Yes, lose money. 
4. I don’t want you to lose money, if I can ensure you at minimum, break even your first year; I have no doubt, you’ll be EXTREMELY successful as a speculator. 
   

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​To the last point; if I can show you the tools to at minimum, break even the first year; you are on the right track.  And based on numbers that are thrown around everyday on the Internet, you will be ahead of 95% of traders.  Yes, you will be in that elite group of 5-percenters that doesn’t lose money. 
 
Are you with me?  I hope so, because once that settles in; we can begin the needed work to instill the proper thinking and skill set needed to trample on the 95% of traders, and some of the 5% out there. 

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Rule 1: The Markets are uncertain and you can’t control the outcome of the markets.  You just can’t!  You don’t have the money to create a direction.  The faster you understand this, the faster you will move away from "personalizing" when a stock doesn't move in your desired direction. 
 
(Once you move away from personalizing losing trades; the faster you can move on to taking the next trade with a healthy dose of confidence).
 
Rule 2: The only thing you can control is yourself.  This is why you’ll see many folks referencing to poor performance as a personal matter and one YOU need to work on. 

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​Let me elaborate more but quickly on that point.   I release a watchlist every Sunday night outlining stocks I am watching; and the direction I believe they will trend in. 
Here is what you can control:

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You control what stocks you choose to enter. 
You control the price point in which you enter.
You control the price in which you exit.
You control the amount of principle allocated to each stock.
You control how long you decide to hold on to the trade.
You control whether you add more to that position or subtract from that position. 
You can control how frequently you trade
 
So on and so forth. 

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​Understand that the decision (set by you) in each of the above listed; ways heavily on your profit and loss. 
 
Conclusion: I can’t control the direction of the Markets; I can only control myself. 
 
New Mantra: I am/will become comfortable with the Market’s uncertainty; however, I am always certain in/with my actions! 

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Good, Bad or Ugly.  Leave a comment below or on any social media site of your choice. ​​​​

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​Email me at tina@shortmetina.com with any questions. ​​​​​​​​​